Securing Flexibility and Agility in Capital Policy Through a Capital Reduction
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
118 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「Pursuant to a resolution at the annual general meeting of shareholders held on 27 May 2022, the company carried out a capital reduction without compensation on 29 July 2022. As a result of this and other measures, stated capital decreased by ¥1,287.258 million and capital surplus increased by ¥1,287.258 million during the cumulative second quarter. At the end of the second quarter, stated capital was ¥50 million and capital surplus was ¥3,385.635 million.」
The capital reduction decided in FY2022 was implemented on 29 July 2022, reducing stated capital from ¥1,337.258 million to ¥50 million and completing the transfer to capital surplus. - FY2022First statedAnnual report
「As part of its management strategy, and to ensure flexibility and agility in its capital policy, the company will reduce its stated capital pursuant to Article 447, Paragraph 1 of the Companies Act and transfer the reduction to other capital surplus. Of the stated capital of ¥1,337,258,100, ¥1,287,258,100 will be reduced, leaving ¥50,000,000.」
The company decided to reduce stated capital by ¥1,287,258,100 to ¥50,000,000 and transfer the full amount to other capital surplus. The effective date is scheduled for 29 July 2022.